India to Become Big Power in Semiconductors, Partners With Singapore

India and Singapore have signed a tie-up to enhance mutual cooperation in semiconductors and digital technology. This can increase the importance of these two countries in the international supply chain of semiconductors. The semiconductor segment is undergoing changes due to tensions between America and China.

During Prime Minister Narendra Modi’s two-day visit to Singapore, both the countries have signed an agreement to increase cooperation in chip design and manufacturing. Apart from this, Singapore in India Take Investment will also be increased. In a statement issued by the Central Government, it has been said that India and Singapore will also work together in cyber security, fifth generation mobile network, super computing and Artificial Intelligence (AI).

The tension between America and China has affected the supply in the international chip market. India, Singapore and Malaysia can benefit from this. This year the sales of the international chip market may reach approximately $588 billion. To avoid geopolitical risks, Western countries and China are trying to create separate supply chains. The semiconductor industry in India is in its nascent stage. However, Singapore is playing an important role among the countries in this segment. Some of the largest chip manufacturing plants in Southeast Asia are in Singapore. These include NXP Semiconductors NV to Micron Technology. Prime Minister Modi plans to make India a superpower in technology. A strong semiconductor ecosystem will be important in this.

India and Singapore have also signed agreements in the areas of health and skill development. Singapore’s Foreign Minister Vivian Balakrishnan recently told reporters that the rapidly growing South Asian market would benefit from stronger ties with India. He said, “You know Singapore is a very small country. We have international semiconductor manufacturing. is a large part of.” The central government has made a plan of $21 billion to increase semiconductor manufacturing in India. Singapore specializes in memory chips and mature logic processors used in electronic devices and automobiles. India can benefit from this in expanding its chip industry rapidly. The demand for semiconductors has increased rapidly in the last few years. However, their supply is less in comparison.